Sri Lanka, Jan. 19 -- Last week, the Daily Mirror exclusively reported of yet another foreign investor pulling out of Sri Lanka citing regulatory obstruction and arbitrary state action.

China based Amber Adventures Private Limited, the country's first cable car venture said it had officially pulled out of the Ambuluwawa Cable Car Project due to arbitrary and unlawful actions by state authorities including the suspension of construction by the Central Environmental Authority (CEA) based on complaints circulating on social media, despite clearance from technical agencies.

The most surprising part is the company had already invested US $ 3.5 million of the US $ 12.75 million and is now considering legal action to recover losses.

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